<p>The CBI on Tuesday registered a case against an Ahmedabad firm for allegedly cheating the Central Bank of India of Rs 436.74 crore. Employees of the bank were also mentioned in the FIR.<br /><br /></p>.<p>The agency searched in nine places at Ahmedabad, Gandhinagar, Vadodara and Kutch after registering the case against Electrotherm (India) Limited, its officials and employees of the bank.<br /><br />A case was filed invoking IPC sections relating to criminal conspiracy and cheating as well as provisions of the Prevention of Corruption Act.<br /><br />According to the FIR, the director of Electrotherm and other unidentified public servants of the bank entered a criminal conspiracy and cheated the bank of money to the tune of Rs 436.74 crore.<br /><br />It also said that standby Letters of Credit opened by the bank to facilitate trade in machinery and coal devolved. <br /></p>
<p>The CBI on Tuesday registered a case against an Ahmedabad firm for allegedly cheating the Central Bank of India of Rs 436.74 crore. Employees of the bank were also mentioned in the FIR.<br /><br /></p>.<p>The agency searched in nine places at Ahmedabad, Gandhinagar, Vadodara and Kutch after registering the case against Electrotherm (India) Limited, its officials and employees of the bank.<br /><br />A case was filed invoking IPC sections relating to criminal conspiracy and cheating as well as provisions of the Prevention of Corruption Act.<br /><br />According to the FIR, the director of Electrotherm and other unidentified public servants of the bank entered a criminal conspiracy and cheated the bank of money to the tune of Rs 436.74 crore.<br /><br />It also said that standby Letters of Credit opened by the bank to facilitate trade in machinery and coal devolved. <br /></p>
